Angela C. asked
I am an American citizen resident in the US since 1982. My parents' house, which has been in trust for myself and my two sisters in the United Kingdom for the last 10-15 years, is now being sold. What is the best investment for my third of the sale, and what tax will I be liable for when the funds are transferred to the US?
May 5th, 2024
Richard H. answered
If you have been receiving income from this trust, it must be declared to the IRS. The transfer of t...
May 5th, 2024
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